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Frequently Asked Questions
Everything you need to know about buying and renting property in the Philippines as a foreigner.
Foreign nationals cannot own land in the Philippines but can own condominium units as long as foreign ownership in the building does not exceed 40 percent. They can also own structures built on leased land.
A Condominium Real Estate Developer and Owner. They are responsible for developing and managing condominium projects in the Philippines.
Buyers typically pay Documentary Stamp Tax of 1.5 percent, Transfer Tax of 0.5 to 0.75 percent, Registration Fee of approximately 0.25 percent, and notarial fees. Sellers pay Capital Gains Tax of 6 percent.
A licensed professional regulated by the Professional Regulation Commission who is legally authorized to facilitate real estate transactions in the Philippines. All agents on BahayGo are PRC verified.
A condominium unit is individual ownership of a unit within a shared building. A house and lot is ownership of both the structure and the land it sits on. Foreigners can own condos but not land.
A property sold before construction is complete. Buyers typically get lower prices but wait 2 to 5 years for turnover. BahayGo lists both preselling and ready for occupancy properties.
All agents on BahayGo submit their PRC license number, a selfie with their ID, and go through admin approval before being listed. You can identify verified agents by the Verified badge on their profile.
Yes. Foreigners can freely rent property in the Philippines with no restrictions. Long term leases of up to 50 years renewable for another 25 years are available.
Ready For Occupancy. A property that is completed and can be moved into immediately after purchase or lease signing.
No specific visa is required to purchase a condo. However you must be physically present or have a legal representative to sign documents. Many buyers use a Special Power of Attorney.